Japan's JERA to develop ammonia-related tech with green fund backing


FILE PHOTO The logo of JERA Co. Inc. the worlds biggest LNG buyer is displayed at the company office in Tokyo Japan July 14 2017. REUTERSIssei Kato

FILE PHOTO: The logo of JERA Co., Inc., the world's biggest LNG buyer, is displayed at the company office in Tokyo, Japan July 14, 2017. REUTERS/Issei Kato

TOKYO (Reuters) - Japan's biggest power generator JERA said it would spend 69.2 billion yen ($597 million) on the development of ammonia-related technology, with nearly 70% covered by the government's green innovation fund.

Ammonia is used as a fertiliser and in industrial materials, but is also seen as a future energy source, along with hydrogen. It does not emit carbon dioxide when burned although its production produces emissions if it is made with fossil fuel.

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